The Best Homeowners Insurance in Maine [2023]


Find a top-ranked Homeowners Insurance Agency in your area

As the most rural state in the country, Maine is affectionately known as “Vacationland” among people looking for a chance to reconnect with the wilderness. 

But, if you’re one of the lucky 1.4 million residents who call Maine “home,” the state also offers some of the best homeowners insurance rates in the U.S. 

If you own a house or are considering buying in Maine, you’ll want to shop around to find the best coverage for your needs. 

To remove the guesswork from finding the right provider, we at have analyzed a handful of the best homeowners insurance companies. We’ll uncover everything to know about homeowners insurance in Maine, and help you find the most comprehensive, cheapest coverage in the state.

Average Cost of Homeowners Insurance in Maine

The average cost of homeowners insurance in Maine is $1,833 per year according to Considering the national average is $2,777, home insurance is a relative bargain in the Pine Tree State.

Although the average policyholder enjoys lower premiums, homeowners insurance costs in Maine can differ vastly based on a few key factors:

  • The age of your home: Is your Maine home older? It may be more at risk of more structural wear and tear. 

  • The square footage of your home: How big is your home? In general, larger homes cost more to insure.

  • The materials used to build your home: Was your Maine home built using materials that are susceptible to rotting or structural damage?

  • Building costs in your area: Since insurance deals with repairs and replacement costs, coverage increases with higher building costs.

  • Your location: How close are you to the water or the coastline? What are crime rates like? How close are you to a fire department? 

  • Any additional features: Does your house have a swimming pool or hot tub that could be a risk for guests? Do you have pets, and if so, what are their breeds? Insurers consider these things when assessing prices.

  • Your deductible: Paying a higher deductible lowers your premium, but filing a claim may cost you more. Talk with your insurance provider about how to reduce your deductibles to get a plan that suits your budget.

  • Your claims history: If you have a history of filing claims, home insurance companies may charge you higher coverage costs. Alternatively, you may be eligible for a discount or a claims-free deductible if you have no filing history.

Maine Homeowners Insurance Rates by City

Maine has about 3,500 miles of coastline with a colorful mix of cities in between. The cost of your homeowners insurance policy can also vary greatly depending on where you live.

Below is a breakdown of the average annual rate by city:


Average Annual Rate








South Portland

The Best Homeowners Insurance in Maine

After extensive research, we at found the following insurance agencies to provide the best, comprehensive coverage in Maine:

Vermont Mutual

Vermont Mutual

Average Annual Rate: ~$965

Notes: Regional provider with good customer service marks and very inexpensive coverage

Allstate logo


Average Annual Rate: ~$1,906

Notes: Customer-friendly rates and great online resources, but fewer customization choices

State Farm logo

State Farm

Average Annual Rate: ~$1,618

Notes: Good option for new homeowners, above average customer satisfaction, and good bundling options

USAA logo


Average Annual Rate: ~$1,542

Notes: Great customer satisfaction and custom policy options for service members and veterans

Travelers logo


Average Annual Rate: ~$1,689

Notes: Excellent personalized coverage and deductible options, but fewer discounts

Erie Insurance logo

Erie Insurance

Average Annual Rate: ~$1,593

Notes: Affordable regional insurer with solid customer satisfaction scores

Cheapest Homeowners Insurance in Maine

The cheapest homeowners insurance coverage in Maine is Vermont Mutual for a policy with $300,000 in dwelling and liability coverage, with a $1,000 deductible. 

Remember, home insurance quotes vary depending on each person’s situation. The cheapest policy may not have all the coverage you need. If cost is your top consideration, start by checking Vermont Mutual’s coverage options in your area.

Searching on phone

Find Cheap Homeowners Insurance in Your Area


Below, we answer some common questions to help you make a more informed decision about which homeowners insurance to choose in Maine. 

How to Reduce Homeowners Insurance Costs in Maine

As we’ve noted,  your homeowners insurance coverage price can vary substantially across the insurance industry.

Here are a few smart ways to reduce costs:

  • Increase your deductible. This may reduce your monthly payments to your insurer, but you’ll pay more out-of-pocket if you make a claim. Similarly, paying your 6-month or 1-year premium in full will lower monthly costs.

  • Bundle policies. Bundling your home and auto insurance can help you save up to 10-15% on your premiums in Maine. Ask your insurance provider about which home and car insurance bundling options can help you save the most.

  • Take the necessary steps to make your home disaster-resistant. Some examples include:

    • Install a smoke detector and/or fire alarm.

    • Install impact-resistant windows.

    • Get a burglar alarm and/or deadbolt locks.

    • Install a sprinkler system.

    • Upgrade your plumbing and/or electrical wiring.

  • Nix the high-risk accessories. Get rid of things in your home considered “high risk.” For example, if your kids are off to college, it may be time to throw out the trampoline in the backyard.

  • Seek out other discounts. Insurance savings can come from unexpected places, for example:

    • Do you work from home? Insurance providers may view you as less prone to theft or more likely to spot a fire or leak sooner.

    • Are you retired? You may qualify for a discount. 

    • Does your employer offer a group deal?

    • Opting for paperless billing instead of snail mail can help you save.

    • Are you a military veteran? Ask if you are eligible for a discount.

    • How long have you been with your insurance company? You may be eligible for a loyalty discount.

    • Is your home in a gated community? Your house may be seen as a lower risk.

    • Another reason to quit smoking? You may qualify for a smoke-free discount.

  • Keep good credit. A lender may check your credit history and charge less if you show good financial strength and standing.

As always, consult a local agent to see which of the above discounts you qualify for.

Maine Insurance Options In Your City

At, our goal is to connect Maine residents with the best local experts and agencies, so you can find the home insurance policy that safely insures your home and most prized possessions. 

View our list of the 8 best homeowners insurance agencies here

If you live in Portland, Maine, you can learn more about the best homeowners insurance options in your city here.

Our methodology evaluates each provider based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.